Crypto ETF Inflows Surge with BTC, ETH, and XRP Luring Investors
The spot crypto ETFs saw their best week since January, witnessing almost $1B inflow in Bitcoin ETFs while Ethereum and XRP ETFs also registered healthy inflows.
Bitcoin ETFs Register Best Performance
* Bitcoin ETFs witnessed almost $1B inflow, the highest since mid-January.
* The most significant inflows were seen on April 17, with more than $663M worth of inflows in Bitcoin ETFs.
* One outflow day only; others witnessed constant inflows.
Ethereum ETFs Maintain the Momentum
* Ethereum ETFs witnessed inflows exceeding $275M, the highest since January.
* Ethereum ETFs continue their winning streak amid a market rally.
* Fidelity’s FETH and BlackRock’s ETHA ETFs witnessed maximum inflows.
XRP and Other Cryptocurrencies Show Signs of Growth
* XRP-based ETFs attracted inflows exceeding $55M, its highest since March.
* Solana ETFs witnessed moderate inflows.
* Indicative of growing investor interest in crypto ETFs.
Market Context
*ETF demand increased as geopolitical tensions were calmed at the start of the week.
*Uncertainty persists following divergent comments from the United States and Iran, injecting volatility into the markets.
*Traders monitoring both ETF flows and macroeconomic developments.
Profit Taking Indicators for Bitcoin on Blockchain
*Inflows to Binance Exchange Inflow CDD hit 2.59M on April 14, indicating long-term investors selling their coins for exchanges.
*NUPL surged to 0.29, its highest level since mid-January, entering the “belief” zone with increasing gains.
*The Bitcoin Composite Index is still above 1.0, which means no bottom has been confirmed yet; the market is stabilizing but not restarting.
BTC could not hold above $78,400 and retreated near $75,000 amid revived Middle East concerns and news from the Strait of Hormuz. The total cryptocurrency market capitalization fell by approximately $100 billion.
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